The post BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers appeared first on Coinpedia Fintech News
Banco Bilbao Vizcaya Argentaria (BBVA), a multinational Spanish bank, recently launched crypto trading (Bitcoin and Ether) and custody services for retail customers. Spanish customers can now use this service to buy, sell, and hold crypto assets directly through the BBVA app. The step is part of a broader strategy of BBVA to enable a seamless digital experience.
BBVA Enables Crypto Trading for Retail Customers
With BBVA’s new initiative for custodian services crypto trading, retail customers in Spain can now utilize the crypto services through its mobile app. BBVA has aligned the initiative with the EU’s Market in Crypto Assets (MiCA) to govern the regulations and provide investors’ protection.
However, it is important to note that the bank will not offer advice on these assets; the clients will be the only ones responsible for their initiative.
Head of Retail Banking for Spain, Gonzalo Rodriguez, stated–
“We want to make it easier for our retail customers in Spain to invest in crypto-assets, through a simple and easy-to-access digital solution on their cell phone. Our goal is to support them as they explore digital assets, backed by the strength and security of a bank like BBVA.”
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BBVA Expands Its Range in Digital Assets
BBVA first introduced its digital assets service in Switzerland in 2021, followed by Turkey in 2023. Now, with crypto trading and custodian services in Spain in 2025, BBVA appears to expand its range in digital assets.
The BBVA Head of Blockchain and Digital Assets, Francisco Maroto, emphasized the continued growth of the bank in digital assets. He said that BBVA is evolving with new assets— crypto and stablecoin, and traditional assets— tokenized bonds and funds.
Crypto Evolution in Spain
Driven by the growing demand for crypto in Spain, the government has introduced regulatory developments to strengthen safety measures and expand crypto adoption. Moreover, Spanish banks are also playing a crucial role in evolving digital assets in the country to attract new investors. BBVA is not the only entity to offer these digital asset services, as Banco Santander and Caixabank are exploring enabling crypto services.
The National Commission for the Promotion of Digital Investments indicated that more than eight financial institutions have applied for the virtual assets service providers registry; which the agency is yet to approve.
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FAQs
BBVA (Banco Bilbao Vizcaya Argentaria) is a Spanish multinational financial services company, one of the largest in the world, founded in 1857. It offers a wide range of traditional banking services, including retail, corporate, and investment banking, and has a significant global presence, particularly in Spain, Mexico, and South America.
BBVA’s new crypto trading and custody services are fully aligned with the EU’s Markets in Crypto Assets (MiCA) regulation. MiCA governs the issuance and provision of crypto-asset services across the European Union, providing a standardized framework for transparency, disclosure, authorization, and supervision to enhance investor protection.
Yes, other major Spanish banks are exploring or already offering crypto services. Banco Santander is considering stablecoin issuance and expanding retail crypto services, while Caixabank is also assessing options. The National Commission for the Promotion of Digital Investments has indicated that over eight financial institutions have applied for virtual asset service provider registrations.
